New Yorks Tallest Resi Gets Arab Kick-Start

Now New York City has approved a work permit to allow contractors to start providing the building services for the tower, the strongest indication yet that construction will be beginning again whilst it was only in dune that the developer Extell was finally able to secure the last remaining air-rights for the tower. The 306-metre Carnegie 57 has been designed by Christian de Portzamparc to stand over the world-famous Carnegie Hall just a single block back from Central Park, an area that has seen few modern skyscrapers overlook it so directly due to the jealous way it has been guarded by the planning authorities. The scheme will contain a new Park Hyatt Hotel, and have 136 apartments on the upper floor floors with every single one at a sufficient height above the neighbouring buildings to have full views over Central Park, something that will add massively to the cost of the apartments with the penthouse expected to break the 50 million dollar barrier and be the most expensive new-build in the Big Apple. The cheapest apartments will be a snip at only $3 million each. Funding the development is Aabar Investments who are stumping up the $1.3 billion necessary to construct the scheme. It's expected to be complete in 2013